MicroStrategy Spends $347 Million on 12,333 Bitcoins Acquisition

By Lola Coin Jun 28, 202367Views

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MicroStrategy, the business intelligence company headed by Michael Saylor, has purchased an additional 12,333 bitcoins for $347 million in cash. This brings the company’s total bitcoin holdings to around 152,333 bitcoins, worth approximately $4.6 billion. The average purchase price per bitcoin was approximately $29,668, inclusive of fees and expenses.

Key points:
– MicroStrategy has made another significant investment in bitcoin, acquiring 12,333 bitcoins for $347 million.
– The company now holds around 152,333 bitcoins, worth about $4.6 billion.
– MicroStrategy remains bullish on bitcoin and sees the cryptocurrency as a strong long-term investment.

Hot take: MicroStrategy continues to show its confidence in bitcoin by making further purchases, contributing to the growing interest and value of the cryptocurrency. With their substantial holdings, they are well-positioned to benefit from the potential future growth of bitcoin.

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